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And the Money Kept Rolling In (and Out)
And the Money Kept Rolling In (and Out) by Paul Blustein 1586483811 9781586483814
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And the Money Kept Rolling In (and Out) by Paul Blustein

In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentinas policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF,The Chastening, was called gripping, often frightening byThe Economistand lauded by theWall Street Journalas a superbly reported and skillfully woven story, now gets right inside Argentinas rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players as well as reams of internal documents. He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals like those at Enron, WorldCom and Global Crossing that rocked Wall Street in recent years. By going behind the scenes of Argentinas debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment.

Author: Paul Blustein

Language: English

Binding: Paperback

Pages: 304

Publisher: PublicAffairs

Publication Date: 2006-04-04

Our Price: $4.91

ISBN: 1586483811

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